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The latest industrial production figures from the Federal Reserve showed that real U.S. manufacturing output rebounded strongly in November, powered by a surge of automotive production but also by broader-based gains.  In addition, upward revisions erased the slump previously recorded for the sector starting in late summer.  According to the new Fed report, inflation-adjusted nondurable goods production continued its recent pattern of outpacing durable goods advances, and the new results kept contrasting with those of surveys issued by the private sector, regional Fed banks — and the Fed itself.

Here are the manufacturing highlights of the Federal Reserve’s new release on November industrial production:

>This morning’s Fed data reported a preliminary 1.15 percent monthly surge in inflation-adjusted manufacturing output – the biggest monthly gain since February’s 1.34 percent snap back – and revisions erased what had been industry’s worst three-month real production performance since 2011.

>November’s increase was led by a 5.13 percent monthly automotive rebound that broke that sector’s worst growth performance since the peak of the financial crisis. Within automotive, after-inflation growth was spearheaded by a 9.32 percent jump in vehicle production, the best monthly rise since July’s 14.45 percent spurt. Parts production also rose for the first time in three months – by a healthy 1.28 percent.

>Even stripping out the automotive sector, real manufacturing output advanced by 0.85 percent in real terms in November – more than October’s 0.49 percent and the best performance by this indicator since March.

>Strong revisions brightened the manufacturing picture, too. October’s real monthly growth was revised from a weak 0.19 percent to a solid 0.45 percent. September’s figure was revised up from 0.21 percent to 0.37 percent. (It was initially pegged at 0.47 percent.) August’s 0.42 percent real production drop – the first monthly decrease since January – was revised to -0.37 percent. (It was initially pegged at -0.46 percent.)

>November’s strong inflation-adjusted output pushed manufacturing’s year-on-year real growth to 5.05 percent – much stronger than the comparable 3.04 percent 2012-2013 figure and the sector’s best since July’s 5.26 percent.

>Continuing a recent pattern, despite the automotive sector’s outsized growth, monthly expansion in the real nondurable goods sector (1.16 percent) outpaced growth in durable goods in November (1.14 percent).

>Nonetheless, durable goods production after inflation is still increasing much faster year-on-year (5.74 percent) than nondurable goods output (4.35 percent), though the gap between the two continues to narrow.

>On an inflation-adjusted basis, U.S. manufacturing output is now 3.10 percent higher than its pre-recession high. Real durable goods production has grown by 10.46 percent since then, but the non-durables sector is still 5.38 percent smaller than at its pre-recession zenith, which was hit in July, 2007.

>The November manufacturing output figures also show that these Federal Reserve data continue to diverge in important ways from the results of widely followed surveys conducted by the private sector and regional Federal Reserve banks.

>For example, the November manufacturing production figures from the Institute for Supply Management showed a slight slowdown in real manufacturing output, not the acceleration reported this morning by the Federal Reserve.

>Markit.com’s November Purchasing Managers’ Index reported “the weakest pace of [production] expansion since January.”

>The new Federal Reserve manufacturing production numbers do match up well with the monthly November output boom reported by the Philadelphia Federal Reserve Bank. But the other regional Fed manufacturing results for November were more subdued.

>Also interesting: No major pick up in November manufacturing output was reported in the Federal Reserve’s own Beige Book, either. Its assessment simply observed that “Manufacturing activity generally advanced during the reporting period.”